European banks back financial IT venture fund

A host of large European banks have backed a new venture capital fund from Financial Technology Ventures, a US firm that specialises in financial information technology.

Credit Suisse, Deutsche Bank and BNP Paribas are among the European investors in the $423m (€465m) fund. Others include Axa, the French insurer, Den Danske Bank and SEB, the Danish and Swedish banks.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached